TD Asset Management Inc Sells 10,564 Shares of Linde plc (NASDAQ:LIN)

TD Asset Management Inc reduced its holdings in Linde plc (NASDAQ:LIN - Free Report) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,003,361 shares of the basic materials company's stock after selling 10,564 shares during the period. TD Asset Management Inc owned approximately 0.21% of Linde worth $440,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fisher Asset Management LLC grew its holdings in Linde by 30.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,340 shares of the basic materials company's stock valued at $550,000 after purchasing an additional 310 shares during the period. LSV Asset Management grew its stake in Linde by 45.5% in the fourth quarter. LSV Asset Management now owns 1,600 shares of the basic materials company's stock valued at $657,000 after acquiring an additional 500 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Linde by 7.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,359 shares of the basic materials company's stock valued at $558,000 after acquiring an additional 92 shares during the period. Private Advisor Group LLC raised its position in shares of Linde by 104.2% during the fourth quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company's stock worth $7,672,000 after purchasing an additional 468,415 shares during the period. Finally, Everpar Advisors LLC acquired a new stake in shares of Linde during the fourth quarter worth about $221,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Down 1.4 %

Shares of NASDAQ:LIN traded down $6.61 during trading on Thursday, hitting $465.52. The stock had a trading volume of 1,882,194 shares, compared to its average volume of 1,897,076. The firm's fifty day moving average is $450.31 and its 200 day moving average is $447.57. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79. The company has a market capitalization of $222.29 billion, a PE ratio of 36.00, a PEG ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analysts' expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 EPS. Analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $1.39 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.19%. Linde's dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LIN shares. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. BMO Capital Markets reissued an "outperform" rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, Citigroup increased their target price on Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $484.18.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.